Restructuring and Recapitalization

MetLife Inc. and a Norwegian bank announced Monday that they bought an office building at One Beacon Street in Boston for $561 million, the latest high-profile commercial-real-estate investment by the life insurer. MetLife and Norges Bank Investment Management purchased the 34-story building from a joint venture of Beacon Capital Partners and the German insurer Allianz. MetLife has a controlling share at 52.5 percent and will be the managing partner. The office tower was built in 1973 and is 85 percent leased. The building has offices for the Massachusetts Housing Finance Agency, the University of Massachusetts, the University of Massachusetts Building Authority, Standard Life...

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